First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Stock Price Down 0.9% – Should You Sell?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares were down 0.9% on Wednesday. The stock traded as low as $64.17 and last traded at $64.46. 7,794 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 14,099 shares. The stock had previously closed at $65.06.

First Trust Consumer Discretionary AlphaDEX Fund Stock Performance

The firm has a market capitalization of $244.78 million, a P/E ratio of 13.17 and a beta of 1.13. The stock has a 50 day moving average of $67.75 and a 200-day moving average of $67.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Atwood & Palmer Inc. purchased a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth $26,000. Waverly Advisors LLC purchased a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the 2nd quarter worth about $348,000. Western Wealth Management LLC bought a new position in First Trust Consumer Discretionary AlphaDEX Fund in the 1st quarter worth about $48,000. Royal Bank of Canada grew its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 7.6% during the 1st quarter. Royal Bank of Canada now owns 35,331 shares of the company’s stock valued at $2,262,000 after buying an additional 2,498 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the first quarter valued at about $145,000.

About First Trust Consumer Discretionary AlphaDEX Fund

First Trust Consumer Discretionary AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Consumer Discretionary Index (the Index). The Index is an enhanced index created and administered by the AMEX, which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index. The AMEX constructs the Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.